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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

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Definition 1.

To move to an option position with a later expiration date.
 

Definition 2.

Close out one option position and open another one of the same class but a later expiration date.
 

Definition 3.

When an investor replaces an old options position with a new one having a later expiration date (and same strike price).
 
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